DuPont (DD) Partners Menatek in the Global Bearing Market Innovative Partnership Propels DuPont With Menatek in the Bearing Market

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DuPont de Nemours, Inc. DD and Menatek Defense Technologies have joined forces to revolutionize the realm of bearings with the cutting-edge NAZ Bearings. These self-lubricating marvels, birthed from the collaborative efforts, require no maintenance, offering a beacon of innovation in the industry.

This groundbreaking alliance amalgamates DuPontโ€™s knack for tailored material solutions, encompassing wear and friction resistance, reliability in extreme conditions, and lightweighting, with Menatekโ€™s prowess in design and manufacturing. The product of this synergy is an extraordinary bearing capable of delivering unparalleled performance under hefty static and dynamic loads. Marking a leap forward, the bearing liner technology developed by the Menatek group, in conjunction with DuPont, not only eradicates the need for regular maintenance but also significantly prolongs the bearingโ€™s lifespan.

Through this strategic partnership, DuPont fortifies its foothold as an industry leader, poised to offer enhanced value to its global clientele. This collaboration empowers both entities to cater to a broad consumer base spanning the defense, aerospace, high-speed train, tram, metro, wind turbine, and industrial sectors. Engaged in joint research & development endeavors and astute marketing campaigns, both firms stand committed to offering clients state-of-the-art bearing technologies for the future.

Shares of DuPont have surged by 6.6% over the past year, shining bright amidst a 4.5% decline experienced by its industry.

Zacks Investment Research
Image Source: Zacks Investment Research

DuPontโ€™s Strategic Outlook and Projections

During its fourth-quarter call, the company disclosed its anticipation of net sales ranging between $11,900 million and $12,300 million for 2024. Adjusted earnings per share for the same period are forecasted to fall within the $3.25-$3.65 bracket.

For the first quarter of 2024, DuPont foresees net sales hovering around $2,800 million, with adjusted earnings per share expected to be in the range of 63-65 cents. An impending sequential decline in sales and earnings in the initial quarter is attributed to further de-stocking activities within its industrial-based divisions and a persisting subdued demand in China.

DuPont de Nemours, Inc. Price and Consensus Visualized

DuPont de Nemours, Inc. Price and Consensus

DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote

Zacks Rank & Key Picks in the Industry

Currently, DuPont holds a Zacks Rank #4 (Sell).

Noteworthy stock options in the basic materials domain include Denison Mines Corp. DNN, Carpenter Technology Corporation CRS, and Hawkins, Inc. HWKN.

Denison Mines, boasting a Zacks Rank #1 (Strong Buy), has surpassed the Zacks Consensus Estimate in the past four quarters, with an impressive average earnings surprise of 300%. The companyโ€™s stock has soared by 85.3% over the preceding year. For a full list of todayโ€™s Zacks #1 Rank stocks, one can explore here.

Carpenter Technology, presently holding a Zacks Rank #1, outperformed the Zacks Consensus Estimate in three of the last four quarters while aligning with it once, delivering an average earnings surprise of 12.2%. The companyโ€™s shares have ascended by 63.1% over the bygone year.

The Zacks Consensus Estimate propels Hawkins towards an expected earnings per share of $3.61 for the current fiscal year, reflecting a year-over-year upswing of 26.2%. Over the past 30 days, the Zacks Consensus Estimate for HWKNโ€™s current-year earnings witnessed a 4.3% upward revision. Positioned as a Zacks Rank #2 (Buy), HWKN has outshined the consensus estimate in each of the last four quarters, boasting an average earnings surprise of 30.6%. The companyโ€™s stock has rallied by approximately 81.3% in the last year.

The views and opinions articulated in this piece represent the authorโ€™s standpoint and do not necessarily mirror the views of Nasdaq, Inc.

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